Chesapeake Utilities Corporation (NYSE:CPK) Q3 2024 Earnings Call November 8, 2024 8:30 AM ET

Company Participants

Lucia Dempsey - Head, Investor Relations
Jeff Householder - Chair, President and Chief Executive Officer
Beth Cooper - Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary
Jim Moriarty - Executive Vice President, General Counsel and Corporate Secretary and Chief Policy and Risk Officer

Conference Call Participants

Tate Sullivan - Maxim Group
Paul Fremont - Ladenburg
Chris Ellinghaus - Siebert Williams Shank

Operator

Welcome to Chesapeake Utilities Corporation’s Third Quarter 2024 Earnings Conference Call. [Operator Instructions] I’d like to turn the call over to Lucia Dempsey, Head of Investor Relations. Please go ahead.

Lucia Dempsey

Thank you, and good morning, everyone. Today’s presentation can be accessed on our website under the Investors page and Events and Presentations subsection. After our prepared remarks, we will open the call up for questions.

On Slide 2, we show our typical disclaimers, while I remind you that matters discussed on this conference call may include forward-looking statements that involve risks and uncertainties. Forward-looking statements and projections could differ materially from our actual results. The Safe Harbor for forward-looking statements section of our 2023 annual report on Form 10-K provides further information on the factors that could cause such statements to differ from our actual results.

Additionally, the company evaluates its performance based on certain non-GAAP measures, including adjusted gross margin, adjusted net income and adjusted earnings per share. And the information presented today includes the appropriate disclosures in accordance with the SEC’s Regulation G. A reconciliation of these non-GAAP measures to the related GAAP measures has been provided in the appendix of this presentation in our earnings release and in our third quarter Form 10-Q.

Here at Chesapeake Utilities, safety is our first priority. We start all meetings with a safety moment, and we’ll do so here with a moment on motor vehicle safety, as highlighted on Slide 3. The time change and shift into cooler temperatures, though we haven’t quite seen that yet, provides us an opportunity to check and update fluid levels, windshield wipers, roadside emergency supplies and ensure oil changes are on schedule. Also be aware of how the time change affects morning and evening visibility and exercise more caution around wet or slippery roads and increased traffic around holiday travel.

I’ll now introduce our presenters today. Jeff Householder, Chair of the Board, President and Chief Executive Officer, will provide an update on demand in our growing service areas, capital investment plan and business transformation efforts, including an update on the Florida City Gas integration. Beth Cooper, Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary, will discuss our financial results, strong balance sheet and dividend and earnings growth trajectory. And Jim Moriarty, Executive Vice President, General Counsel and Corporate Secretary and Chief Policy and Risk Officer, will review our regulatory strategy, government affairs efforts and other company updates.